Insider buying last 90 days
No open-market insider purchases were filed for TRGP in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every TRGP insider filing, plotted on the chart in Gekko.Open TRGP in Gekko
NYSE: TRGP
Targa Resources (TRGP) Stock Analysis & Forecast
$292.19+7.12 (+2.5%)
Close on Sep 18, 2026. Page updated Sep 19, 9:15 pm ET.
Gekko Brief
AI summaryTarga Resources (TRGP) closes at $292.19, up 2.5%, and sits above both its 50-day average of $281.48 and 200-day average of $243.25. The GekkoIndex reads 54.8, placing the stock in the Neutral zone, while price is 1.4% below Gekko Fair Value of $296.41.
This week's news centers on results and analyst response. Targa reported a record second quarter with Adjusted EBITDA of $1.60 billion, a 38% increase year-over-year, attributed to strong Permian Basin natural gas and NGL volumes. TD Cowen upgraded the stock to Buy from Hold, raising its price target to $350 from $275, and Morgan Stanley raised its target to $359 from $343 while maintaining an Overweight rating. Brokerage consensus stands at "Buy" from nineteen firms with an average target of $310.88. Separately, Nykredit A/S purchased a new position of 124,242 shares valued at approximately $33.3 million, while Corient Private Wealth LP reduced its stake by 15%, selling 7,510 shares but retaining 42,659 shares valued at $11.4 million.
Looking ahead, the next earnings date falls on 4 November 2026, 45 days out and beyond a typical 20-trading-day hold. Sixteen analysts currently rate the stock Buy, with a consensus target of $318.81, implying 9.1% upside. Seasonality over the next 20 trading days has averaged a 4.7% gain across 5 years, rising in 3 of them, worth noting alongside the current gap to Gekko Fair Value.
Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.
Price vs fair value
Close $292.19200-day averageGekko Fair Value $296.41
Key stats
- Market cap
- $62.72B
- P/E ratio
- 27.3
- Forward P/E
- 23.2
- EPS, TTM
- $10.46
- Revenue, TTM
- $16.74B
- Profit margin
- 13.6%
- Dividend yield
- 1.58%
- Beta
- 0.72
- Volume
- 3.82M avg 1.17M
- 1-year return
- +75.5%
- Typical daily move
- ±2.4%
- Typical 20-day move
- ±6%
- 50-day average
- $281.48
- 200-day average
- $243.25
- Next earnings
- Nov 4
- Shares outstanding
- 214.4M
Targa Resources swing-trade checklist
Targa Resources scores 3 supportive, 2 mixed and 0 headwinds across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive2 mixed0 headwinds
- Trendsupportive
Above 50 and 200-day
Close $292.19 is above the 50-day ($281.48) and 200-day ($243.25) averages, and the 50-day is above the 200-day.
See the chart - GekkoIndexmixed
54.8, Neutral
Reading 54.8 is in the Neutral zone.
See the GekkoIndex - Fair valuemixed
1.4% below
Price is within 5% of Gekko Fair Value (1.4% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings risksupportive
Reports in 45 days
Next report Nov 4, 2026, 45 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+4.7% on average
From this point in the calendar, the next 20 trading days averaged +4.7% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Targa Resources stock chart and price history
Targa Resources closed at $292.19 on Sep 18, 2026, +75.5% over the past year, inside a 52-week range of $144.14 to $307.94.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −1.6%
- 3 months
- +13.0%
- 6 months
- +22.0%
- 1 year
- +75.5%
The full TRGP chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open TRGP in Gekko
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About Targa Resources
Targa Resources works across the middle of the North American energy chain, handling infrastructure that gathers, processes, transports and stores natural gas, natural gas liquids and crude oil. Its work includes collecting and treating natural gas, fractionating and moving NGLs, and gathering and selling crude oil, alongside wholesale propane distribution and services for LPG exporters. The company is also known for the scale of its network, which includes roughly 28,400 miles of natural gas pipelines, 42 processing plants, and 34 storage wells with about 76 million barrels of gross capacity.
Operations are organized into two segments, Gathering and Processing, and Logistics and Transportation. Through these, Targa serves a mix of customers that includes multi-state retailers, independent businesses, end-users, and refineries and petrochemical companies along the Gulf Coast, while also buying, marketing and reselling natural gas and NGL products, and offering NGL balancing and transport support using a fleet of leased railcars, transport tractors and NGL barges.
Targa Resources was founded in 2005 and is based in Houston, Texas. Its shares are listed on the NYSE under the ticker TRGP.
- Listed
- NYSE
- Sector
- Utilities
- Industry
- Gas distributors
- Website
- targaresources.com
Targa Resources GekkoIndex: the smart money zone
Targa Resources’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 54.8, in the Neutral zone, down 1.6 points over five sessions.
54.8Neutral
Down 1.6 points over five sessions.
Reading for Sep 18, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 10 | +4.0% | +6.6% | ||
| Accumulation | 120 | +1.5% | +5.0% | ||
| Neutral (current zone) | 429 | +0.7% | +3.3% | ||
| Distribution | 94 | +1.9% | +6.3% | ||
| Selling | 9 | Too few readings yet | |||
Average TRGP share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.
Neutral zone: No clear directional signal. About the five zones →
See every daily GekkoIndex reading plotted over the TRGP price, zone by zone.Track TRGP in Gekko
Is Targa Resources stock overvalued? Gekko Fair Value
Targa Resources trades 1.4% below Gekko Fair Value of $296.41, so the shares are about fair value on Gekko’s estimate.
Gekko’s own estimate of what Targa Resources shares are worth, recalculated every trading day.
$296.41
Gekko Fair Value, Sep 19, 2026
1.4% below fair value · About fair value
Gekko Fair Value on every chart, with the gap to price updating daily.Open TRGP in Gekko
Targa Resources insider and Congress trading
No open-market insider purchases were filed for Targa Resources, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in TRGP were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for TRGP, plotted on the chart in Gekko.Open TRGP in Gekko
Buybacks
Targa Resources has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $80.10M
- As a share of market cap
- 0.13%
- Trailing four quarters
- $327.7M
From company filings.
Hedge funds and billionaires quarter ended Jun 30
1of the funds Gekko tracks holds TRGP.
0added1opened0trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko
Targa Resources earnings: next date and track record
Targa Resources reports on Nov 4, 2026 (45 days away), and beat the EPS estimate in 5 of its last 8 reports.
Next earnings report
Nov 4, 2026
45 days away
- EPS estimate
- $2.66
- Revenue estimate
- $4.87B
5 of 8reports beat the EPS estimate
±4.7%average move across the report
5 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Feb 19, 2026 AI summary
- What they said
- TRGP delivered record 2025 performance with $4.96 billion adjusted EBITDA, up over $800 million year-over-year. Permian volumes grew 11% (600+ MMcf/d increase), NGL transport volumes up 170,000 bpd, and frac volumes increased 120,000+ bpd. Company announced two new projects: Delaware processing plant Yet II and 13th fractionator in Mont Belvieu, with plans for 8 total plants over next 2 years adding 2.2 Bcf/d processing capacity.
- Guidance
- Management expects another year of low double-digit Permian volume growth in 2026. Post-Speedway completion in H2 2027, annual growth capital spending expected to average $2.5 billion in sustained high single-digit to low double-digit volume growth environment.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Feb 19, 2026 | $2.51 est $2.30 | $4.06B est $4.73B | +1.6% |
| Nov 5, 2025 | $2.20 est $2.11 | $4.20B est $4.56B | +9.9% |
| Aug 7, 2025 | $2.87 est $1.86 | $4.03B est $4.89B | +1.3% |
| Apr 30, 2025 | $1.89 est $2.05 | $4.56B est $4.90B | −8.9% |
| Feb 13, 2025 | $1.82 est $1.83 | — | +2.4% |
| Nov 5, 2024 | $1.74 est $1.55 | $3.85B est $4.06B | +10.0% |
| Aug 1, 2024 | $1.33 est $1.27 | $3.62B est $4.47B | −3.5% |
| May 2, 2024 | $1.22 est $1.30 | $4.60B est $4.30B | −0.1% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Targa Resources stock forecast and analyst price targets
Analysts’ average 12-month price target for Targa Resources is $318.81, +9.1% from the last close, from 16 firms rating the stock in the last 90 days.
$318.81consensus 12-month target, +9.1% from the last close
Now $292.19Avg $318.81
Low $284High $359
Each firm’s latest rating in the last 90 days: 16 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 18 | TD Cowen | $350 | +19.8% |
| Sep 17 | Morgan Stanley | $359 | +22.9% |
| Sep 16 | Morgan Stanley | $359 | +22.9% |
| Sep 11 | Mizuho Securities | $320 | +9.5% |
| Sep 10 | Stifel Nicolaus | $340 | +16.4% |
+3.3%average 20-day move after past Neutral readings
+4.7%average move over the next 20 trading days in the last 5 years
±2.4%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Targa Resources seasonality: the next 20 trading days
Over the next 20 trading days from Sep 19, Targa Resources averaged +4.7% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +0.4% | 3 of 5 |
| Next 10 trading days | +0.9% | 2 of 5 |
| Next 15 trading days | +1.9% | 2 of 5 |
| Next 20 trading days | +4.7% | 3 of 5 |
| Next 30 trading days | +5.3% | 2 of 5 |
For scale, TRGP’s typical 20-trading-day move in either direction is about 6%.
Targa Resources market cap and key statistics
Targa Resources’s market cap is $62.72B, with a P/E ratio of 27.3 and revenue of $16.74B over the last twelve months.
Valuation
- Market cap
- $62.72B
- P/E ratio
- 27.3
- Forward P/E
- 23.2
- EPS, TTM
- $10.46
- Gekko Fair Value
- $296.41
Trading
- Volume
- 3.82M
- Avg volume, 20 days
- 1.17M
- 52-week high
- $307.94
- 52-week low
- $144.14
- Shares outstanding
- 214.4M
Financials
- Revenue, TTM
- $16.74B
- Profit margin
- 13.6%
- Return on equity
- 70.8%
- Quarterly earnings growth, YoY
- +23.3%
Risk and income
- Beta
- 0.72
- Typical daily move
- ±2.4%
- Typical 20-day move
- ±6%
- Dividend yield
- 1.58%
Targa Resources stock news this week
Coverage of Targa Resources this week reads positive: 10 positive, 2 neutral and 0 negative headlines.
- Targa Resources (TRGP) Set a Record Quarter and Then Raised the BarInsider Monkey, Sep 19
- Nykredit A S Purchases New Position in Targa Resources, Inc. $TRGPMarketBeat, Sep 19
- Targa Resources Shares Rise After TD Cowen Upgrademarketscreener.com, Sep 18
- Here's Why Targa Resources, Inc. (TRGP) is a Strong Growth StockZacks Investment Research, Sep 18
- Targa Resources, Inc. (NYSE:TRGP) Receives Consensus Recommendation of "Buy" from BrokeragesMarketBeat, Sep 18
- Targa Resources, Inc. $TRGP Shares Sold by Corient Private Wealth LPMarketBeat, Sep 17
Targa Resources peers
Targa Resources’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| SRESempra | Accumulation | 12.4% below |
| CQPCheniere Energy Partners | Accumulation | 32.6% below |
| ATOAtmos Energy | Buying | 9.5% below |
| NINiSource | Buying | 5.0% above |
| SWXSouthwest Gas | Buying | 9.8% below |
| NJRNewJersey Resources | Accumulation | 7.1% below |
A peer links to its own page where one exists.
Targa Resources stock FAQ
What is Targa Resources’s market cap?
Targa Resources’s market cap is $62.72B at the Sep 18, 2026 close of $292.19, with 214.4M shares outstanding. The shares trade on a P/E ratio of 27.3.
What is the Targa Resources stock forecast?
The consensus analyst 12-month price target for Targa Resources is $318.81, +9.1% from the last close. Of the 16 firms that rated the stock in the last 90 days, 16 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Targa Resources stock overvalued or undervalued?
On Gekko’s estimate Targa Resources is about fair value: the Sep 18, 2026 close of $292.19 is 1.4% below Gekko Fair Value of $296.41. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Targa Resources report earnings next?
Targa Resources is expected to report on Nov 4, 2026 (45 days away). Analysts expect earnings of $2.66 per share on revenue of $4.87B. Targa Resources beat the earnings estimate in 5 of its last 8 reports, moving 4.7% on average across the report.
What is Targa Resources’s 52-week high and low?
Targa Resources’s 52-week high is $307.94 and its 52-week low is $144.14; it closed at $292.19 on Sep 18, 2026, +75.5% over the past year.
Is Targa Resources stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (trend, earnings risk and seasonality), 2 as mixed (gekkoindex and fair value). The checklist is a description of current data, not a recommendation.
How this page works
Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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